If life was fair, we’d all have enough money to live comfortably.
But, as you already know, the world is mostly populated by the haves and the have-nots.
But maybe that’ll change soon if enough people read this article and take some of this advice…
Folks on AskReddit talked about what they think is the easiest way to win a million bucks.
Hey, you never know, right?
1. Where did you read this?
“Once I read somewhere, “You gotta find a way, doesn’t matter what, to get 5$ from people. Once you accomplish that and you hit a milestone of 1.000 hire a guy to do the exact same thing but give him 5$ per hour and keep it going.”
2. Sounds legit.
“Apparently there was a Nigerian Prince who recently d**d in my family and I have inherited $6.7M from them.
Some person told me this on email.”
3. For retirement.
“Make sure you contribute enough to your 401k to at least get the employer match!
A Roth IRA is also an amazing retirement vehicle.”
“Apparently David Koch used to tell this story (I am paraphrasing): “The way I became rich: When I was only 12 years old my dad gave me an apple, but instead of eating the apple, I sold the apple to a classmate for a quarter and with the money I bought two apples.
Then I sold the two apples. I kept going like this until I was 18 years old and inherited a hundred million dollars.””
5. Gotta keep it.
“Most people will make a million dollars with little problem.
If you work for 30 years, that’s only about $33,000 a year.
The trick is keeping it…”
6. Well, there’s that…
“I made my money the old fashioned way….
I got run over by a Lexus.”
“Ask a million people for 1 dollar.
There is indeed someone who did that, in 2005. He made a website arranged in a 1000 x 1000 pixel layout. He then sold the pixels at $1 each, and in 10 x 10 blocks.
Advertisers could buy these blocks, provide an image link, and then provide a small slogan to show up when a user hovered over their image.
And he made $1,037,000 and change.”
8. Why not?
“Write a book entitled “How to make million dollars” and sell it for a million dollar.
People buy blank canvases for millions, why not this?”
9. Probably true.
“The average citizen is convinced self-help books will fix all of their problems.
Write “How to Become a Millionaire” and you’ll become one.
Following the steps will not.”
10. The most reliable way.
“Honestly, the quickest and more reliable way to do it for a normal person would be to throw every single penny you can into index funds, S&P500, Roth IRAS, and your employer matched 401k if you’re lucky enough to have one.
While even that’s a gamble, it’s the quickest and most reliable way to do it.
Also networking is the way to go if want to earn it faster. You have to be surrounded by people who have done it and/or can provide you with opportunities to capitalize on.
I have friends who shmooze with the right people and make s**t happen. It’s weird the personality you need for that. It’s a mix of always being on, having the right amount of agression, and a firm understanding that those people aren’t really your friends, but you have to act like they are for as long as you plan to be well connected.
The super successful people I know don’t only have a few friends. They have tons of “friends” that require constant tending to in superficial ways. Sort of like tending to a garden.
That makes them sound sort of slimy, and many are, but many aren’t. They just know the game.
I’ve never fully tried this, but I’ve never had great luck forming relationships with wealthy and well connected people for networking purposes. It’s like I give off a pheromone where they know I shop for clothes at Marshalls and use coupons.”
11. This is very specific.
“You break into Tiffany’s at midnight. Do you go for the vault? No, you go for the chandelier. It’s priceless.
As youre taking it down, a woman catches you. She tells you to stop. It’s her father’s business. She’s Tiffany. You say no. You make love all night. In the morning, the cops come and you escape in one of their uniforms. You tell her to meet you in Mexico, but you go to Canada. You don’t trust her.
Besides, you like the cold. Thirty years later, you get a postcard. You have a son and he’s the chief of police. This is where the story gets interesting. You tell Tiffany to meet you in Paris by the Trocadero.
She’s been waiting for you all these years. She’s never taken another lover. You don’t care. You don’t show up. You go to Berlin. That’s where you stashed the chandelier.”
12. Could work.
“The “easiest” way to make 1 million is to deposit 5k into an sp500 index fund and contribute 5k a year for the next 30 years assuming historical interest rate.
This is why literally any retirement plan, no matter how little you plan to contribute will be life changing once you retire. This is why compound interest is the most powerful force in the world.
This is not financial advice. Principal, interest rates, and results may vary. Investing always come with inherent risk, do your own research before investing.”
Now we want to hear from you.
In the comments, tell us what you think is the easiest way to make a million bucks.
Please and thank you!